Bill-EDA 117CSR1
H. B. 2623
(By Delegates Mahan, Wills, Cann, Kominar,
Faircloth and Riggs)
[Introduced March 2, 2001; referred to the
Committee on Finance then the Judiciary.]
A BILL to amend and reenact section four, article ten, chapter
sixty-four of the code of West Virginia, one thousand nine
hundred thirty-one, as amended, relating to authorizing the
economic development authority to promulgate a legislative
rule relating to the general administration of the West
Virginia capital company act and establishment of the
application procedures to implement the act.
Be it enacted by the Legislature of West Virginia:
That section four, article ten, chapter sixty-four of the code
of West Virginia, one thousand nine hundred thirty-one, as amended,
be amended and reenacted to read as follows:
ARTICLE 10. AUTHORIZATION FOR BUREAU OF COMMERCE TO PROMULGATE
LEGISLATIVE RULES.
§64-10-4. Economic development authority.
The legislative rule filed in the state register on the
twentieth thirty-first day of July, one thousand nine hundred
ninety-eight August, two thousand, under the authority of section five, article one, chapter five-e of this code, modified by the
economic development authority to meet the objections of the
legislative rule-making review committee and refiled in the state
register on the fifth day of November, one thousand nine hundred
ninety-eight, relating to the economic development authority
(general administration of the West Virginia capital company act;
establishment of the application procedures to implement the act,
117 CSR 1), is authorized.
NOTE: The purpose of this bill is to authorize the Economic
Development Authority to promulgate a legislative rule relating to
the General Administration of the West Virginia Capital Company Act
and Establishment of the Application Procedures to Implement the
Act.
Strike-throughs indicate language that would be stricken from
the present law, and underscoring indicates new language that would
be added.